Risk Management Consulting & Advisory Expertise & Services

At Thiqah Alamjad Management Consulting, we partner with organizations in Saudi Arabia to build resilient, high-performing, and future-ready risk management frameworks. Leveraging global best practices and regional insights, we provide comprehensive advisory and consulting services tailored to the Kingdom's evolving regulatory, financial, and business landscape.

⚫ 1. Risk Governance & Framework Development

• Establishing enterprise-wide risk governance frameworks, policies and procedures & structures aligned with Saudi regulatory expectations (SAMA, CMA, Tadawul).

• Designing Board and Executive Risk Oversight models, including committee structures and charters.

• Embedding the Three Lines Model for clear accountability across business units, control functions, and audit.

• Creating risk culture programs to strengthen ethical conduct, decision-making, and accountability.

⚫ 2. Enterprise Risk Management (ERM) Advisory

• Designing and implementing ERM frameworks based on ISO 31000 and COSO ERM.

• Developing integrated risk taxonomies and classification systems.

• Building risk dashboards, heatmaps, and reporting tools to enhance Board-level visibility.

• Supporting strategic risk assessments linked to Saudi Vision 2030 objectives.

• Delivery of CPD-Accredited Risk Management Masterclass Training Programs covering modern and industry leading concepts on ERM

⚫ 3. Operational Risk Management Advisory

• Designing and enhancing RCSA (Risk & Control Self-Assessment) frameworks.

• Implementing Key Risk Indicators (KRIs) aligned with business KPIs for performance-linked monitoring.

• Strengthening incident and loss event management frameworks with root cause analysis.

• Building operational resilience programs, including crisis and continuity management.

• Delivery of CPD-Accredited Risk Management Masterclass Training Programs covering modern and industry leading concepts on ERM

⚫ 4. Fraud Risk Management Advisory

• Establishing Fraud Risk Governance & Frameworks in line with global standards and Saudi compliance requirements.

• Designing Fraud Risk Assessments, including Fraud Diamond/Tree methodology.

• Enhancing fraud detection and prevention mechanisms, including transaction monitoring and red flag indicators.

• Building awareness and training programs to cultivate a fraud-resilient culture across all levels.

⚫ 5. Risk Appetite Framework Development & Implementation

• Developing Board-approved Risk Appetite Statements tailored to organizational strategy.

• Translating risk appetite into measurable risk limits across business lines and functions.

• Embedding risk appetite into decision-making, capital planning, and performance management.

• Conducting stress-testing and scenario analysis to ensure resilience under adverse conditions.

• Delivery of CPD-Accredited Risk Management Masterclass Training Programs covering modern and industry leading concepts on Risk Appetite Framework Development & Implementation.

⚫ 6. Specialized Advisory & Support Services

• Designing internal control frameworks to eliminate redundancies and inefficiencies.

• Supporting regulatory compliance through structured risk-based approaches.

• Advisory on technology and cyber risk management, including digital transformation risks.

• Providing bespoke training and executive workshops (CPD-accredited) to strengthen in-house capabilities.